Polkadot Bear Exhaustion (Bullish setup)

2022年1月1日

I see bear exhaustion on Dot's 4h chart and expect the current zone to be a great setup for a long position.
The price was squeezing downward until the short-sellers were unable to put another low below 26.3.
This level was also a previous downward-sloping resistance which is acting as support, considering the current candle-stick formation.


Cheers to a volatile 2022! 🥂